Upon receipt of an application to organize and establish a savings bank, the commissioner shall examine or cause to be examined all the relevant facts connected with the formation of the proposed savings bank. If it appears to the commissioner that the proposed savings bank has complied with all the requirements set forth in this chapter and the rules and regulations for the formation of a savings bank and is otherwise lawfully entitled to be organized and established as a savings bank, the commissioner shall present the application to the board for its consideration.
Miss. Code Ann. § 81-14-61
Commissioner to consider application
Known as the Savings Bank Law
The act spans §§ 81–81 (108 sections).
Laws, 1992, ch. 489, § 10; reenacted without change, Laws, 1997, ch. 364, § 10; reenacted without change, Laws, 2001, ch. 457, § 10, eff from and after July 1, 2001.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.